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Economic Analysis for Ecosystem Service Assessments |
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| Authors: | Ian J Bateman Georgina M Mace Carlo Fezzi Giles Atkinson Kerry Turner |
| Institution: | (1) Conservation Science Group, Department of Zoology, University of Cambridge, Downing St., Cambridge, CB2 3EJ, UK;(2) Centre for Social and Economic Research on the Global Environment, University of East Anglia, Norwich, NR4 7TJ, UK;(3) Woodrow Wilson School of Public and International Affairs, Princeton University, Princeton, NJ 08540, USA;(4) Royal Society for the Protection of Birds, The Lodge, Sandy, G19 2DL, UK;(5) Conservation Science Program, World Wildlife Fund, 1250 24th Street NW, Washington, DC 20037-1124, USA;(6) Centre d’Ecologie Fonctionnelle et Evolutive, CNRS UMR5175, 1919 Route de Mende, 34293 Montpellier, France; |
| Abstract: | The paper seeks to contribute to the expanding literature on ecosystem service assessment by considering its integration with economic analyses of such services. Focussing upon analyses for future orientated policy and decision making, we initially consider a single period during which ecological stocks are maintained at sustainable levels. The flow of ecosystems services and their contribution to welfare bearing goods is considered and methods for valuing resultant benefits are reviewed and illustrated via a case study of land use change. We then broaden our time horizon to discuss the treatment of future costs and benefits. Finally we relax our sustainability assumption and consider economic approaches to the incorporation of depleting ecological assets with a particular focus upon stocks which exhibit thresholds below which restoration is compromised. |
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